Philippine stocks are expected to trade sideways with a downward bias this week following the hawkish stance by the US Federal Reserve and as the peso stays above the 58 against the US dollar level.
Online brokerage firm 2TradeAsia.com said lingering concerns on the macroeconomic environment due to inflation risks and further delay in interest rate cuts are big factors causing market volatility.
“The PSEi remains range-bound around the 6,400...
Philippine stocks succumbed to profit-taking Tuesday after the peso plunged to a new 18-month low of 58 per US dollar.
The bellwether Philippine Stock Exchange...
Local shares rose Monday, tracking Asian markets’ movement, following the strong performance of US equities on Friday.
The 30-company Philippine Stock Exchange index jumped 64.09...
Local stocks are expected to sustain their sideways movement this week as investors remain cautious amid lingering risks.
BDO Securities said markets would likely keep...
Philippine stocks ended the week in the red, tracking Wall Street’s decline overnight, on last-minute selling pressure.
The 30-company Philippine Stock Exchange index closed at...
